Suominen produces nonwovens. We are part of the manufacturing industry but we don’t exist just to make things. Our purpose is also to develop nonwovens and expand their possibilities. We make nonwovens better.

Suominen has two business areas: Convenience and Care. Although the scope of their operations might be different today, they nevertheless share many megatrends, raw materials, technologies and employee capabilities. Moreover, the product features may often be similar – after all, nearly all our products eventually touch human skin.

Sustainability stems from the business and ultimately supports the business. It cannot be reduced to reporting or charity activities. Instead, it involves, e.g., developing more responsible products, which our customers and end users crave. That is the way we see it.

Suominen has two business areas: Convenience and Care. Although the scope of their operations might be different today, they nevertheless share many megatrends, raw materials, technologies and employee capabilities. Moreover, the product features may often be similar – after all, nearly all our products eventually touch human skin.

The portion of the annual remuneration of the members of the Board of Directors of Suominen Corporation which shall be paid in shares – transfer of own shares held by the company

The portion of the annual remuneration of the members of the Board of Directors of Suominen Corporation which shall be paid in shares – transfer of own shares held by the company

The Annual General Meeting (AGM) of Suominen Corporation held on 16 March 2016 resolved on the following annual remuneration payable to the members of the Board of Directors for the year 2015: Chair EUR 50,000, Deputy Chair EUR 37,500 and other members EUR 28,000. Further, it was decided that 40% of the annual remuneration shall be paid in shares of Suominen Corporation.

In accordance with the resolution by the AGM, the number of shares forming the above-mentioned remuneration portion payable in shares will be determined based on the share value in the stock exchange trading maintained by Nasdaq Helsinki Ltd, calculated as the trade volume weighted average quotation of the share during the one month period immediately following the date on which the interim report of January–March 2016 of the company is published. The shares will be given out of the treasury shares held by the company through the decision of the Board of Directors by 3 June 2016 at the latest.

Based on the above, the aggregate number of shares to be transferred to the members of the Board of Directors as their remuneration payable in shares is 20,799 shares. The value of the transferred shares totals EUR 79,793 or approximately EUR 3.83638 per share. These shares have been granted out of the Company’s treasury shares today, 2 June 2016, based on the decision taken by the Board of Directors. The resolution was based on the AGM’s authorization for the Board of Directors to decide on a share issue. Since the decision taken by the Board of Directors was essentially an execution of a detailed resolution taken by the AGM, the Board did not exercise independent discretion when it decided on the transfer of the shares. The transferred shares are of the same class as the company’s other shares.

The company held 913,886 treasury shares before the above-mentioned transfer of shares. The aggregate number of shares transferred to the members of the Board of Directors today was 20,799. After the share transfer, Suominen Corporation holds 893,087 treasury shares.